Gujarat State Financial Corporation announced that it nominated C.V. Arun Kumar, Deputy General Manager, Ahmedabad Branch of SIDBI as a director on the board of directors of the corporation. Arun Kumar complied with the formalities on October 6, 2021 and assumed the office of director of the corporation with effect from that date and consequently became chairman of the audit committee and member of the stakeholders relationship committee. C.V. Arun Kumar has rich and varied experience in financial sector concerning micro, small and medium scale industries and held positions as Manager, Assistant General Manager and General Manager with SIDBI. He is a Director on the Board of Rajasthan Asset Management Company Pvt. Ltd. As a result of said nomination, Ravindran A.L. ceased to be director on the board directors as also chairman of audit committee and member of stakeholders relationship committee of the corporation with effect from October 5, 2021.